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ITA vs. FSK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ITA vs. FSK

Last updated Jun 13, 2026

ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while FSK (FS KKR Capital Corp.) is a stock. Over the past 10 years, ITA returned 15.34%/yr vs 2.76%/yr for FSK. At a 0.39 correlation, their price movements are largely independent.

Performance

ITA vs. FSK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Aerospace & Defense ETF (ITA) and FS KKR Capital Corp. (FSK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ITA achieves a 8.97% return, which is significantly higher than FSK's -21.66% return. Over the past 10 years, ITA has outperformed FSK with an annualized return of 15.34%, while FSK has yielded a comparatively lower 2.76% annualized return.

ITA

1D
-0.95%
1M
3.58%
YTD
8.97%
6M
11.71%
1Y
30.96%
3Y*
27.30%
5Y*
16.86%
10Y*
15.34%

FSK

1D
2.22%
1M
3.17%
YTD
-21.66%
6M
-24.66%
1Y
-38.72%
3Y*
-3.98%
5Y*
-0.35%
10Y*
2.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITA vs. FSK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ITA
iShares U.S. Aerospace & Defense ETF		8.97%48.64%15.81%14.33%9.96%9.39%-13.57%30.51%-7.22%35.24%
FSK
FS KKR Capital Corp.		-21.66%-20.38%25.71%33.04%-4.71%41.59%-10.27%33.89%-20.23%-21.23%

Correlation

The correlation between ITA and FSK is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2014

0.39

Over the past year, the correlation between ITA and FSK has dropped to 0.16 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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iShares U.S. Aerospace & Defense ETF

FS KKR Capital Corp.

Often compared with ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. ARKXITA vs. VOOITA vs. FSDAXITA vs. DFEN
Often compared with FSK:
FSK vs. OBDCFSK vs. MAINFSK vs. PSECFSK vs. SCMFSK vs. SPYFSK vs. PRTFSK vs. SCHD

Return for Risk

ITA vs. FSK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ITA
ITA Risk / Return Rank: 4444
Overall Rank
ITA Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 4848
Sortino Ratio Rank
ITA Omega Ratio Rank: 4343
Omega Ratio Rank
ITA Calmar Ratio Rank: 4545
Calmar Ratio Rank
ITA Martin Ratio Rank: 3838
Martin Ratio Rank
FSK
FSK Risk / Return Rank: 88
Overall Rank
FSK Sharpe Ratio Rank: 22
Sharpe Ratio Rank
FSK Sortino Ratio Rank: 44
Sortino Ratio Rank
FSK Omega Ratio Rank: 44
Omega Ratio Rank
FSK Calmar Ratio Rank: 1414
Calmar Ratio Rank
FSK Martin Ratio Rank: 1717
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITA vs. FSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) and FS KKR Capital Corp. (FSK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ITAFSKDifference
Sharpe ratioReturn per unit of total volatility
1.43
-1.26

+2.69

Sortino ratioReturn per unit of downside risk
2.11
-1.77

+3.88

Omega ratioGain probability vs. loss probability

1.25

0.77

+0.48

Calmar ratioReturn relative to maximum drawdown

1.97

-0.76

+2.73

Martin ratioReturn relative to average drawdown

5.20

-1.18

+6.38

ITA vs. FSK - Sharpe Ratio Comparison

The current ITA Sharpe Ratio is 1.43, which is higher than the FSK Sharpe Ratio of -1.26. The chart below compares the historical Sharpe Ratios of ITA and FSK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ITA vs. FSK - Drawdown Comparison

The maximum ITA drawdown since its inception was -59.72%, smaller than the maximum FSK drawdown of -67.20%. Use the drawdown chart below to compare losses from any high point for ITA and FSK.

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Drawdown Indicators

ITAFSKDifference

Max Drawdown

Largest peak-to-trough decline

-59.72%

-67.20%

+7.48%

Max Drawdown (1Y)

Largest decline over 1 year

-15.82%

-51.01%

+35.19%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-51.03%

+35.21%

Max Drawdown (5Y)

Largest decline over 5 years

-18.72%

-51.03%

+32.31%

Max Drawdown (10Y)

Largest decline over 10 years

-51.00%

-67.20%

+16.20%

Current Drawdown

Current decline from peak

-6.64%

-43.69%

+37.05%

Average Drawdown

Average peak-to-trough decline

-9.45%

-13.53%

+4.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.97%

32.88%

-26.91%

Volatility

ITA vs. FSK - Volatility Comparison

iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 9.07% compared to FS KKR Capital Corp. (FSK) at 7.10%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than FSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ITAFSKDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.07%

7.10%

+1.97%

Volatility (6M)

Calculated over the trailing 6-month period

18.47%

26.75%

-8.28%

Volatility (1Y)

Calculated over the trailing 1-year period

21.74%

30.85%

-9.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.21%

24.11%

-3.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.22%

27.93%

-4.71%

Dividends

ITA vs. FSK - Dividend Comparison

ITA's dividend yield for the trailing twelve months is around 0.46%, less than FSK's 23.33% yield.

PositionTTM20252024202320222021202020192018201720162015
FSK
FS KKR Capital Corp.		23.33%18.91%13.35%14.77%15.20%11.80%15.46%12.40%16.41%11.68%8.65%9.91%
ITA
iShares U.S. Aerospace & Defense ETF		0.46%0.55%0.85%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%

Frequently Asked Questions

ITA and FSK have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ITA has higher volatility (9.07%) compared to FSK (7.10%). In terms of maximum drawdown, ITA dropped -59.72% vs FSK's -67.20%.

ITA currently has the higher Sharpe Ratio (1.43 vs -1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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